Vision includes focus on student success; research excellence; land-grant impact; diversity, equity, inclusion and belonging; and internal operations; presidential vision and goals will support framework for University’s next strategic plan Penn State President Neeli Bendapudi at Schwab Auditorium at University Park campus. Credit: Michelle Bixby / Penn State. Creative Commons UNIVERSITY PARK, Pa. — Penn State President Neeli Bendapudi today (Feb. 27) shared her vision for the future of the University — a vision defined by building steadfastly on Penn State’s purpose, enabling agility across the institution to respond to ever-changing needs, and leveraging the University’s many strengths to realize strategic opportunities. “Focusing on our purpose, increasing our agility and leveraging our opportunity will be the core drivers of the future of our great University,” Bendapudi said. “We must build on our legacy as Pennsylvania’s only land-grant university and our foundational purpose of serving our commonwealth, our nation and our world. We must be agile to meet the needs of our students, an evolving workforce, the commonwealth and, indeed, humanity. We must rise to meet the opportunities before us, to continue preparing our students for lifelong success, to continue solving the world’s most pressing problems through cutting-edge research, and […]

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Sri Lanka is at a critical moment in its history. Years of economic mismanagement, weak governance, poor policy choices, and the impacts of external shocks such as the COVID-19 pandemic and the Russian invasion of Ukraine, plunged the country into its worst-ever crisis in 2022. Economic collapse and political instability have devastated lives and livelihoods across the board, dealing the heaviest blow to the poorest and most vulnerable. Regular climate-induced disasters add to Sri Lanka’s fragility. The depth of the crisis has made it clear that Sri Lanka needs a new development model. But the road to recovery is challenging and the necessary fiscal adjustment measures can be painful. Debt relief from Sri Lanka’s creditors and fresh financing from international financial institutions are thus urgent to ensure people don’t lose patience with reforms and the opportunity for a change isn’t lost. The economic crisis has left deep scars. Poverty nearly doubled in Sri Lanka between 2021 and 2022, climbing from 13 to a staggering 25% (using a poverty line of $ 3.65 per person per day), and is projected to increase by more than 2 percentage points in 2023. In the same timeframe, urban poverty tripled from 5 to […]

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Noventiq ( LSE: SFTL ), the global digital transformation and cybersecurity solutions and services provider, announces that the acquisition of the majority stake of Saga Group has been closed. In September 2022, Noventiq signed an agreement “to acquire Saga Group.” The transaction strengthens Noventiq’s presence in Eastern Europe as well as “opening other markets such as Serbia, Montenegro, Bosnia and Herzegovina, and North Macedonia.” With this acquisition , Noventiq customers now “have access to Saga Group’s own digital products, including its own IP for digital banking, Fintense created by Saga’s subsidiary NF Innova, which is an omnichannel digital banking platform offering process automation, data management and personal advisory.” Saga’s other sophisticated IP platform, Weaver which is “a mature AI developed chatbot, and Selecta, which is a next generation AI-empowered CRM platform are owned and created by Intellya, another subsidiary of Saga Group.” Saga Group, and all its subsidiaries, “will continue to operate under its existing brand while incorporating the ‘a Noventiq company’ into its logo.” The group, which will “maintain its headquarters in Belgrade, will continue to be led by its current management team, and the President of Saga Supervisory Board, Dejan Popovic.” Now that the deal has been […]

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 24, 2023 Digital Transformation Opportunities Corp. (Exact name of registrant as specified in its charter) Delaware 001-40177 85-3984427 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification Number) 10250 Constellation Blvd, Suite 23126 Los Angeles, CA 90067 (Address of principal executive offices) (Zip Code) (360) 949-1111 (Registrant’s telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) x Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Securities Exchange Act […]

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(WO) — Intelligent Wellhead Systems Inc. (IWS), a leading supplier of digital technologies that improve oil and gas well completion operations, announced that Shiblee Hashem has joined the executive management team as Vice President of Operations. In his new role, Hashem will lead the rapidly growing operations team, including the regional managers and U.S. facilities teams, and work closely with the COO to drive the company’s digital transformation strategies to meet financial goals. “Safety and efficiency have always been part of the IWS mission,” said Hashem. “As the company grows in 2023, our focus is on delivering the highest service quality while maintaining safe and efficient operations,” he added. Hashem brings more than 25 years of oil and gas consulting and operations management experience in both upstream and downstream services. Throughout his career, Hashem has worked closely with some of the largest independent and national oil companies in Europe, the Middle East, Asia, North and South America, and North, East and West Africa. Drawing upon his extensive national and international experience, he offers a diverse professional background in both executive and technical management. Prior to joining IWS, he held senior management positions with AccessESP (a Baker Hughes Company) and […]

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OS customers will now receive a personalised data experience when accessing the OS National Geographic Database (NGD), with the ability to create customised data selections and pick and choose data as and when they need it from a simplified data structure. Ordnance Survey (OS), has announced its most significant digital transformation milestone in over a decade, providing faster and easier access to location data for customers across the public and private sectors. OS is a data services and solutions company that has been providing accurate location data and insights for governments, businesses, and consumers for more than 230 years. This huge investment will enable faster and easier access to Britain’s most authoritative location data, providing customers with enhanced access via the OS Data Hub, driving efficiencies and enabling accurate location data to be at centre of core decision making, products, and services. The digital transformation will offer customers a personalised data experience when accessing the OS National Geographic Database (NGD) which contains over half a billion geographical features and is kept up-to-date with 20,000 daily changes. With the ability to create customised data selections, customers will be able to more easily pick and choose data as and when they […]

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JAKARTA, Indonesia, Feb. 28, 2023 /PRNewswire/ — ABB (NYSE: ABB), a global leader in providing digital solutions for manufacturing and process industries, has been continuing to make significant progress in helping businesses in its key sectors of cement, metals, mining, pulp and paper, gearless mill drives (GMDs), hoists, food and beverage, data center automation, high power rectifiers, and batteries, to streamline their processes through digital transformation. ABB’s Value-driven software solution areas Digital transformation changes how an organization fundamentally operates, communicates, and engages with its customers. According to the Forrester Analytics Business Technographics , in 2021, only 43% of firms in Indonesia are on a digital transformation journey. Even so, digital transformation is critical, especially in improving operational efficiencies, reducing the risk of breach, and minimizing the risk of human errors. Traditional working methods are disrupted to become more digital since a large part is about cultivating a digital culture and upskilling employees to ensure everyone is ready to work through the transformation. "If you talk about Digital Transformation, people instantly think there’s a program with a start and end date, but Digital Transformation is more than that. It is continuous, and the biggest issue is not with technology; it’s […]

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Statistics reveal that investments in AI-solution companies in Vietnam as well as many ASEAN countries are still inadequate while nations like Singapore, China, and the US have poured much more money on AI implementation. This has forced Vietnam to allocate more capital to digital platforms in both product manufacturing and distribution for further economic growth. The first step is for enterprises to realize the benefits of digital transformation such as increasing efficiency, building trust among trading partners, developing optimal supply routes, better administering transportation means, and making wiser decisions via cognitive computing using AI. Specifically, the national GDP of Vietnam could increase by over US$100 billion in 2030 when the logistics industry completes its digital transformation to optimize its communications with clients, supply chain management, and cost control. Along with the efforts of the business community should be the development of macro policies. Firstly, the country’s common logistics standard policy should be formulated in line with the standard trend and digital transformation rules of industrialized nations in order to ensure a perfect connection as to logistics software and hardware as well as traffic systems to create synergy. Secondly, the human resources of the industry should be trained as to […]

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Private 5G networks are hot right now, especially in the realm of Industry 4.0 , and to rapidly enable critical capabilities for the sector – such as push-to-talk “walkie-talkie” communications, automated guided vehicles, always connected PCs and machine vision in predictive maintenance – Cisco and NTT have announced plans to collaborate to drive private 5G adoption across the automotive, logistics, healthcare, retail and public sectors. To put the prospects for private networks into perspective, a recent study from ABI Research – the Private cellular network forecasts report – forecast that the revenue opportunity for private cellular networks would grow from almost $7bn in 2023 to more than $96bn by 2030, with integration services accounting for almost 50% of those revenues. It said this underlined that a private cellular network for enterprises is a highly customised deployment that requires a high degree of expertise in integration and orchestration capabilities. The analyst said the market would be driven by 4G LTE deployment until 2030, when 5G connectivity will constitute most private cellular network deployments. Previously, this inflection point was expected in 2027-2028. As part of their bid to cash in on this growing market, Cisco and NTT plan to co-innovate and […]

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Manchester-based dealmakers at PwC Lead Advisory have advised CBPE Capital on its significant investment into a fast-growing provider of digital transformation services based in Reading. FSP provides a range of consultancy services to large companies and public sector organisations spanning digital transformation, cloud engineering, data and artificial intelligence and cyber security. Its people-centric approach has seen the business win numerous awards in recognition of its outstanding workplace culture. The deal has enabled FSP’s simultaneous acquisition of cyber security consultancy Savanti, strengthening its capabilities in cyber services to its growing portfolio of customers. The combined business is expected to generate revenues of about £30m in the current year and employ more than 250 digital transformation and cyber specialists. LDC has reinvested alongside CBPE, having originally backed the company in 2020. Savanti is a strategic cyber security consultancy with a team of almost 50 experts from its base in London. Its expertise spans cyber security strategy, security leadership, architecture design, identity and security risk assessments for enterprise clients. PwC acted as lead financial adviser to CBPE – with the PwC Corporate Finance team on the deal consisting of Dan Gallagher, Shahbaz Qasim, Garth Arenz, Ben Stanbridge, and Emily Fielder. Tax structuring […]

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